University Research Parks Contribute To Economic Competitiveness

A survey of 134 university research parks in the United States and Canada revealed that: -- More than 300,000 workers in North America work in a located in a university research park. -- Every job in a research park generates an average of 2.57 jobs in the economy resulting in a total employment impact of more than 750,000 jobs. "A new model is emerging," said Walter H. Plosila, Vice-President, Battelle TPP. "What we're seeing are strategically planned, mixed-use campuses designed to create an environment that fosters collaboration and innovation and promotes the development, transfer and commercialization of technology," he said. "Research parks have become a key element of the technology infrastructure supporting the growth of today's knowledge economy." "Research parks are key drivers of regional development," said J. Michael Bowman, President of the AURP Board of Directors and Chairman & President, Delaware Technology Park. Research parks were traditionally established to recruit R&D and technology companies to locate near a university in order to build a cluster of high technology companies. Today, research parks increasingly spur homegrown business startups, retention and expansion with a focus on providing commercialization and business development support in addition to space for talent retention. .... http://www.newswire.ca/en/releases/archive/October2007/26/c8715.html

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